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In a recent transaction, Saba Capital Management, L.P., a significant stakeholder in abrdn Japan Equity Fund, Inc. (NYSE:JEQ), acquired 52,651 shares of common stock. The shares were purchased at a price of $7.11 each, totaling $374,348. The fund, currently trading at $7.15, sits near its 52-week high of $7.21 and offers an attractive 6.2% dividend yield. This transaction, dated May 28, 2025, increases Saba Capital’s holdings to 1,508,233 shares. Both Saba Capital and Boaz Weinstein, identified as ten percent owners, signed off on the transaction. The fund has demonstrated strong performance with a 24% return over the past six months. InvestingPro analysis reveals 6 additional key insights about JEQ’s financial health and market position.
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